Mr. McDermott is the Managing Partner and co-founder of US Renewable Group and is based in Los Angeles. As a software and energy entrepreneur/investor, Mr. McDermott founded three software startups and has invested in numerous others. Prior to forming USRG, Mr. McDermott started his career as a public power banker with Credit Suisse First Boston's Municipal Finance Group in New York. While at Credit Suisse First Boston, he worked with Southern California Public Power Authority ("SCPPA"), Los Angeles Department of Water and Power ("LADWP"), Washington Public Power Supply System ("WPPSS") and several other West Coast municipal utilities. As a private equity investor, Mr.
McDermott worked for Prudential's Private Capital Group. As an entrepreneur, Mr. McDermott has started, run and invested in the following companies: Spoke Software, Inc. (Founder and CEO), Archive, Inc. (Founder and CEO), Stamps.com, Inc. (NASDAQ: STMP) (Founder and
CEO) and Practice Technologies Inc. (Investor and Board Member). Mr.
McDermott holds an MBA from the Anderson School at UCLA and a BA from Colorado College.